Core Income Vault

Address: zig1m526fltgrf70qdsufx9k9fdl4x07usjlydcn32jn83fs6za9c5cswd9grk

Strategy Details

Curated by ZIG Markets with Beehive as deployment partner, this vault provides exposure to diversified, lower volatility income strategies across short duration, receivables backed SME private credit.

The strategy focuses on working capital financing for vetted small and mid sized businesses, primarily through verified invoices and receivables. SMEs access liquidity to bridge cashflow gaps, finance operations, and unlock working capital before their customers pay.

Capital is deployed into rolling receivables financing facilities, typically with 60 to 120 day tenors. Returns are generated from the fees and discount rates earned on the underlying receivables financing, net of operational, credit management, and servicing costs.

This is the conservative anchor in the vault lineup. Allocation prioritises capital stability, established facilities, predictable repayment behaviour, and consistent income over maximum return.

What it is (and is not)

This is a lower volatility real economy private credit strategy backed by verified invoices, receivables, and SME business cashflows.

It is not token price speculation, not a DeFi leverage loop, and not market directional trading. Yield is sourced from receivables backed SME working capital financing, not from trading performance or token appreciation.

How it works

Receivables backed SME financing

Capital is deployed into verified receivables and invoice backed facilities originated and managed by Beehive. SMEs receive working capital before their invoices are paid, while the vault earns yield from the financing spread or agreed fee structure.

Working capital facilities

Capital supports vetted SMEs with short term business needs such as supplier payments, inventory cycles, order fulfilment, payroll timing, or receivables gaps.

Established facilities first

The vault prioritises the most established, predictable, and repeat counterparty facilities available in the Beehive opportunity set.

Diversification and recycling

Capital is diversified across multiple SMEs, sectors, and facilities. As facilities settle, capital is returned to the vault and redeployed into new receivables backed opportunities, supporting a steady income profile.

Roles

ZIG Markets acts as Curator, setting the strategy, allocating capital, prioritising established facilities, and overseeing counterparties.

Beehive acts as deployment partner, originating and managing SME working capital and receivables backed financing opportunities across the GCC.

Valdora wraps the strategy in an onchain vault, issues the vault token, reports vault activity onchain, and applies a 0% performance fee on yield.

Withdrawal Mechanics

The vault has a redemption period of up to 120 days.

Because capital is deployed into rolling 60 to 120 day receivables financing facilities, withdrawals are processed as underlying facilities settle and capital recycles back into the vault. During normal conditions, withdrawals may be fulfilled earlier if sufficient liquidity is available.

During periods of higher utilisation or lower liquidity, redemption timing may extend toward the upper end of the 120 day period.

Risk Information

This vault is designed for lower volatility, but capital is still at risk.

The primary risks include borrower default, delayed repayment, invoice non payment, concentration risk, originator risk, operational risk, and liquidity timing. These risks are managed through counterparty due diligence, receivables verification, borrower and sector diversification, exposure limits, an established facility focus, and ring fencing of investor capital from operational risk where applicable.

Returns are indicative and not guaranteed.

Track Record

Beehive is a regulated digital SME lending platform and an e& enterprise company, focused on receivables backed working capital financing across the GCC. The platform has originated $1B+ in SME financing, funded 1,500+ businesses, and maintains a substantial active lending book in the UAE.